California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$473M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$433M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$371M |
| 4 |
Adobe
ADBE
|
+$284M |
| 5 |
RTX Corp
RTX
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$316M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$139M |
| 3 |
Sysco
SYY
|
+$139M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$117M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.95% |
| 2 | Healthcare | 14.53% |
| 3 | Financials | 12.82% |
| 4 | Consumer Discretionary | 10.64% |
| 5 | Consumer Staples | 8.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2176
Groupon
GRPN
$894M
| $1.09M | ﹤0.01% |
59,919
+9,689
| +19% | +$216K |
|
|
TVTY
2177
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $1.08M | ﹤0.01% |
95,779
-10,086
| -10% | -$92.1K |
|
2178
Interface
TILE
$2.24B
| $1.08M | ﹤0.01% |
132,944
+699
| +0.5% | +$5.94K |
|
2179
Option Care Health
OPCH
$3.61B
| $1.08M | ﹤0.01% |
77,626
+9,134
| +13% | +$121K |
|
|
VSLR
2180
DELISTED
VIVINT SOLAR, INC.
VSLR
| $1.08M | ﹤0.01% |
108,797
+41,414
| +61% | +$298K |
|
2181
Origin Bancorp
OBK
$1.69B
| $1.08M | ﹤0.01% |
48,905
+2,372
| +5% | +$48.6K |
|
|
LGTY
2182
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $1.08M | ﹤0.01% |
68,253
+2,409
| +4% | +$40.5K |
|
2183
Carlyle Secured Lending
CGBD
$782M
| $1.07M | ﹤0.01% |
+125,484
| New | +$979K |
|
|
EFC
2184
Ellington Financial
EFC
$1.76B
| $1.07M | ﹤0.01% |
91,279
+33,296
| +57% | +$338K |
|
2185
Kiniksa Pharmaceuticals
KNSA
$6.07B
| $1.07M | ﹤0.01% |
42,094
+32,094
| +321% | +$670K |
|
|
IMOS
2186
ChipMOS TECHNOLOGIES
IMOS
$2.01B
| $1.07M | ﹤0.01% |
47,237
| – | – |
|
2187
Banc of California
BANC
$3.11B
| $1.07M | ﹤0.01% |
98,736
-1,980
| -2% | -$19.9K |
|
|
QTNT
2188
DELISTED
Quotient Limited Ordinary Shares
QTNT
| $1.07M | ﹤0.01% |
3,613
+1,600
| +79% | +$461K |
|
2189
Enliven Therapeutics
ELVN
$4.25B
| $1.07M | ﹤0.01% |
+9,649
| New | +$1.08M |
|
|
ABTX
2190
DELISTED
Allegiance Bancshares
ABTX
| $1.06M | ﹤0.01% |
41,898
+5,924
| +16% | +$145K |
|
|
AEGN
2191
DELISTED
Aegion Corp
AEGN
| $1.06M | ﹤0.01% |
67,015
-800
| -1% | -$11.9K |
|
|
QADA
2192
DELISTED
QAD Inc.
QADA
| $1.06M | ﹤0.01% |
25,701
| – | – |
|
|
AVDL
2193
DELISTED
Avadel Pharmaceuticals
AVDL
| $1.06M | ﹤0.01% |
131,017
+54,017
| +70% | +$476K |
|
|
XRN
2194
Chiron Real Estate Inc
XRN
$484M
| $1.06M | ﹤0.01% |
18,694
+3,491
| +23% | +$189K |
|
|
ATHX
2195
DELISTED
Athersys, Inc. Common Stock
ATHX
| $1.06M | ﹤0.01% |
15,351
+6,991
| +84% | +$486K |
|
|
MRC
2196
DELISTED
MRC Global
MRC
| $1.06M | ﹤0.01% |
179,098
+4,078
| +2% | +$21.2K |
|
|
CPRX
2197
DELISTED
Catalyst Pharmaceutical
CPRX
| $1.06M | ﹤0.01% |
228,872
+3,643
| +2% | +$16.4K |
|
2198
AnaptysBio
ANAB
$1.66B
| $1.06M | ﹤0.01% |
47,286
-7,340
| -13% | -$134K |
|
|
GNOG
2199
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
| $1.06M | ﹤0.01% |
64,600
+41,600
| +181% | +$423K |
|
2200
QCR Holdings
QCRH
$1.75B
| $1.05M | ﹤0.01% |
33,790
+6,305
| +23% | +$182K |
|
Similar funds
California Public Employees Retirement System's Q2 2020 Portfolio in Review
As of Q2 2020, California Public Employees Retirement System held 3,550 positions worth $101B, up 23% from $82.6B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System deployed $3.3B of net new capital in Q2 2020, opening 169 new positions and adding to 1,761 existing holdings. Its largest new stake was RTX Corp: 3,200,810 shares worth $197M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Apple, an estimated $316M trimmed.
- California Public Employees Retirement System's largest Q2 2020 buy was RTX Corp: 3,200,810 shares worth $197M.
- California Public Employees Retirement System added most to Gilead Sciences in Q2 2020, an estimated $473M increase.
- California Public Employees Retirement System's biggest Q2 2020 reduction was Apple, cutting an estimated $316M.
- California Public Employees Retirement System fully exited Allergan plc in Q2 2020, selling an estimated $134M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $101B portfolio in Q2 2020.
- California Public Employees Retirement System opened 169 new positions and closed 43 in Q2 2020.
- California Public Employees Retirement System's portfolio value rose 23% quarter-over-quarter to $101B.
Based on California Public Employees Retirement System's 13F filing for Q2 2020, filed 12 Aug 2020.